My part of the effort to save humans from themselves

March 25, 2008

Peak Oil...wait for it...wait for it

When is this damn Peak Oil thing going to happen? Oil production is still rising.

If you are going to run a scam like this you must make sure that your previous predictions are removed. This article, admittedly from the Guardian, but only 6 months old says:

The German-based Energy Watch Group will release its study in London
today saying that global oil production peaked in 2006 - much earlier
than most experts had expected. The report, which predicts that
production will now fall by several percent a year, comes after oil
prices set new records almost every day last week, on Friday hitting
more than $90 (£44) a barrel.

Hasn't happened yet. Many would argue the oil price is rising partly due to uncertainty about supply, given that many of the world's major oil exporters are dodgy in one way or another.

Iraq is recovering from a war and has terrorism problems

Saudi Arabia is no democracy, and terrorist threats remain

Nigeria is a basket case

I could go on

But are we really running out of oil? Shell doesn't think so. Neither does recent news support this:

When oil was $10 a barrel The Economist predicted it might hit $5, on the basis that Saudi can pump it out at a cost of $2 a barrel. At $100 I have heard that even hydrogen is viable - in other words this is a bloody high price. Surely it can't last.